Karnataka Elections 2018: Supreme Court Refuses To Stay BJP Government Formation In Karnataka Today

Gold Silver Reports (GSR) – Karnataka Elections 2018: Supreme Court Refuses To Stay BJP Government Formation In Karnataka Today — In a dramatic turn of events, the Supreme Court of India, at a middle-of-the-night hearing, refused to stop the Bharatiya Janata Party from taking oath on Thursday morning as the new government in Karnataka. Though it did direct the Attorney General of India, KK Venugopal, to produce the letter written by BJP Karnataka leader BS Yeddyurappa to the state’s governor, by the next hearing on Friday, May 19. The letter states the number of legislative assembly members supporting the BJP. 

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An Ugly Day For Gold Silver

Two Gold Bar

Gold Silver Reports (GSR) – An Ugly Day For Gold Silver — For gold bulls, Tuesday’s trade should turn out to be bullish with the blow-off pattern selling on heavy volume. Gold is very close to our $1,280 target, although $1,260 could come into play. Once $1,280 shows, we will be ready to start buying when support holds.

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MCX Silver Tips Below 40100 Only Sell, Silver MCX Trading Zone 39200-40100 – Neal Bhai MFA Technical Analyst

Silver XAG/USD

Neal Bhai MFA Technical Analyst – MCX Silver Tips Below 40100 Only Sell, Silver MCX Trading Zone 39200-40100 – U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter. Federal Reserve Chair Jerome Powell’s top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months, as well as how the Fed should prepare for and combat the next economic downturn.

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Spot Gold may Bounce to Resistance at $1,302/oz- Technicals

Spot Gold may Bounce to Resistance

Gold Silver Reports (GSR) – Spot Gold may Bounce to Resistance at $1,302/oz- Technicals — Gold prices recovered some lost ground on Wednesday on short-covering after prices fell to the lowest level this year in the previous session on surging U.S. bond yields and a stronger dollar.                        

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